Syscoin Market Capitalization Hits $165.70 Million (SYS)

Syscoin (SYS) traded 3.1% lower against the U.S. dollar during the twenty-four hour period ending at 22:00 PM E.T. on April 17th. In the last seven days, Syscoin has traded 22.4% lower against the U.S. dollar. Syscoin has a market cap of $165.70 million and approximately $2.92 million worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can currently be bought for $0.21 or 0.00000344 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 3.7% lower against the dollar and now trades at $61,528.68 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 3.1% against the dollar and now trades at $468.76 or 0.00761852 BTC.
• Arweave (AR) traded down 1.2% against the dollar and now trades at $24.00 or 0.00039003 BTC.
• Bitcoin SV (BSV) traded down 2.4% against the dollar and now trades at $65.29 or 0.00106108 BTC.
• eCash (XEC) traded down 4.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

SYS is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 16th, 2014. Syscoin’s total supply is 783,921,818 coins. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official message board for Syscoin is syscoin.org/news. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. Syscoin’s official website is syscoin.org.

According to CryptoCompare, “Syscoin (SYS) is a blockchain protocol founded in 2014 by Sebastian Schepis, designed to merge the security of Bitcoin with the functionality of Ethereum into a single, scalable platform. It supports the creation of decentralized applications and custom tokens, leveraging a dual-chain architecture that includes the Ethereum-compatible NEVM and a Bitcoin-based Syscoin UTXO blockchain. Syscoin aims to offer fast, secure, and low-cost transactions, with features like optimistic and ZK rollups for enhanced scalability. Led by the non-profit Syscoin Foundation, with development spearheaded by SYS Labs, the ecosystem fosters innovation in decentralized finance (DeFi) and NFT marketplaces. Syscoin’s unique blend of Bitcoin’s and Ethereum’s strengths positions it as a versatile and efficient blockchain for a wide range of applications.”

Buying and Selling Syscoin

It is usually not possible to buy alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView